this post was submitted on 24 May 2025
35 points (81.8% liked)
Asklemmy
48211 readers
449 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 6 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It’s not possible. They’ve Hoover’d up money and direct where it’s used.
At any point they could give emough back to the people to become less then billionaires. But they don’t.
You might have 100k, invest, make it 1m in 10 year you'd have more to give back than 100k + 10yrs interest
I have a benefit of the doubt thing here, not that any billionaire I've heard of deserves it. If I suddenly had a billion dollars, would I donate to an existing charity with an administration I don't know and trust or would I think "hmm I can better choose what happens with this money" and start my own charitable enterprise? Like a bill/Miranda Gates situation.
I know if I had a billion dollars worth of shares of a company I wouldn't necessarily liquidate it all for philanthropy either. Do I hold onto control of these stocks while attempting to guide the company in a more ethical way? Idk. It's an interesting thought